Argentina: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in Argentina

The Argentinian market for frozen scallops, including queen scallop contracted notably to $X in 2022, falling by X% against the previous year. Over the period under review, consumption continues to indicate a precipitous contraction. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Frozen Scallops, Including Queen Scallop in Argentina

In value terms, frozen scallops, including queen scallop production reduced to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Frozen Scallops, Including Queen Scallop

Exports from Argentina

For the fourth year in a row, Argentina recorded growth in overseas shipments of frozen scallops, including queen scallop, which increased by X% to X tons in 2022. Over the period under review, exports posted a buoyant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, frozen scallops, including queen scallop exports skyrocketed to $X in 2022. In general, exports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X tons), the United States (X tons) and the UK (X tons) were the main destinations of frozen scallops, including queen scallop exports from Argentina, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), the United States ($X) and the UK ($X) constituted the largest markets for frozen scallops, including queen scallop exported from Argentina worldwide, with a combined X% share of total exports.

The UK, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for frozen scallops, including queen scallop stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Scallops, Including Queen Scallop

Imports into Argentina

In 2022, after two years of growth, there was significant decline in purchases abroad of frozen scallops, including queen scallop, when their volume decreased by X% to X tons. Overall, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, frozen scallops, including queen scallop imports fell markedly to $X in 2022. Over the period under review, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest frozen scallops, including queen scallop supplier to Argentina, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled X%.

In value terms, Germany ($X) constituted the largest supplier of frozen scallops, including queen scallop to Argentina.

From 2012 to 2022, the average annual growth rate of value from Germany totaled X%.

Import Prices by Country

The average import price for frozen scallops, including queen scallop stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price recorded a tangible expansion. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :